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Economic Inequality: (1) Objectives and the Market System

  • Julian Le Grand
  • Ray Robinson

Abstract

In the preceding chapters we have seen that the aim of equity is often jeopardised by the existence of economic inequality. In this chapter and the next we shall examine the problem directly. By economic inequality we mean differences in individuals’ abilities to purchase goods and services, produced by the economy: what we shall term ‘differences in their purchasing power’.

Keywords

Marginal Product Economic Inequality Market System Purchasing Power Efficient Allocation 
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Copyright information

© Julian Le Grand and Ray Robinson 1976

Authors and Affiliations

  • Julian Le Grand
    • 1
  • Ray Robinson
    • 1
  1. 1.The University of SussexUK

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